June 22, 1987
The Los Angeles-based firm said it has agreed to sell the division for an undisclosed price to a new company headed by two former industry executives and investment banker Morgan Stanley & Co. The agreement with Connecticut-based Canaco Corp., which is headed by Phil Silver and Greg Horrigan, was the latest of a series of asset sales by Carnation since it was acquired in early 1985 by Nestle S. A. for $3 billion. The division has 1,200 employees in 13 cities, including Stockton.
May 10, 1985
MJB Co. is a significant producer and distributor of roast and ground coffee and instant coffee with manufacturing plants in Union City, Calif., and Denver. The company, headquartered in San Francisco, employs 500 and also produces and distributes tea and rice products. Terms of the agreement were not available. Nestle is the holding company for Swiss-based Nestle S.A.'s food and beverage operations in the United States and Puerto Rico.
July 3, 1987 |
Carnation Co. said Thursday that it plans to move its headquarters out of the Mid-Wilshire district, probably to a site north or east of downtown Los Angeles. No final decisions on the relocation or scheduled moving date have been made, but areas being considered range from Studio City east to Pomona, said Carnation spokeswoman Celeste Miller.
January 5, 1985 |
The Federal Trade Commission said Friday that it had unconditionally approved Nestle S.A.'s $3-billion acquisition of Carnation Co., clearing the way for what will become the largest non-oil merger in history. The approval, by a 4-1 vote, now allows Nestle, a giant Swiss-based food conglomerate, to complete its $83-a-share cash tender offer begun last Sept. 5 for all outstanding shares of Los Angeles-based Carnation, a diversified food company specializing in dairy, pet and container products.
CALIFORNIA | LOCAL
August 24, 1999
Nestle USA, Glendale, and the Pillsbury Co., Minneapolis, Minn., announced an agreement to form a joint venture of the Nestle USA novelty ice cream business and Pillsbury's U.S. Haagen-Dazs frozen dessert business. All U.S. assets of Haagen-Dazs will be merged with the assets of Nestle's USA Ice Cream Division. The parent companies will retain ownership of the brands and applicable technology. The deal excludes either party's international operations or the Haagen-Dazs U.S. shop system.
October 30, 1989 |
The Supreme Court today let stand the conviction of former Beech-Nut Nutrition Corp. Vice President John Lavery on mail fraud and conspiracy charges for his role in a scheme to distribute phony apple juice. Lavery was among those indicted in 1986 on charges of intentionally shipping adulterated and misbranded apple juice to 20 states, Puerto Rico, the Virgin Islands and five foreign countries between 1978 and 1983.
October 28, 1998 |
McDonald's French fries will be available at Disneyland beginning Nov. 16, the Anaheim amusement park said Tuesday. Disney workers will sell large-size fries from a wagon near the Big Thunder Mountain Railroad roller coaster. The price including tax is $2.25, compared with $1.93 at a McDonald's across Harbor Boulevard from the park. There are no plans for any other sales of McDonald's products at Disneyland, said Ray Gomez, a Walt Disney Co. spokesman in Anaheim.
November 21, 1985
H. Everett Olson, who directed the Carnation Co. during a period of its greatest growth, died Sunday at his Los Angeles home after what a company spokesman said was a long illness. Olson, 79, was chairman of the board of the Los Angeles-based diversified foods company at his death. He joined Carnation in 1931 in Wisconsin as an assistant controller and transferred to the West Coast in 1936.